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Homewood 60430
1221 Elder Road
$259,900
● House - Off Market

1221 Elder Road

Homewood, IL 60430
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,642 Ft²
$268,714
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Original owner of this fabulous quad level home. As you enter into the inviting foyer the the large living room and dining room greet you, both have HW floors under the carpet. The large eat in kitchen has new SS appliances (2021) and re-faced cabinets. The 4 bedrooms also have HW floors and the full hall bath upstairs has been completely remodeled! The master has a WI closet. The lower level has a large family room, another room that can be used for many things, a laundry room, and an office. PLUS, there is sub basement, which is unfinished. The home includes a whole house fan and a fenced yard. Updates include: Windows and Roof 2012, Furnace 2020, AC 2007.
Unit Size
1,642 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$158
Property Type
House
Property Taxes
$277
HOA Dues
-
Year Built
1967

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11453389)

Price History

Date / Event Date Event Price
Aug 22, 2022 Sold
Premium
Sold
Jul 5, 2022 Listed by Baird & Warner $259,900
Listed by Baird & Warner

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,040
  • Total Building Area: 1,642
  • Gross Building Area: 1,642
  • Building Area: 1,642
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,642
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: YOU NGS THIRD ADD
  • Land Acres: 0000000185
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: A R (MOORES) RESUB OF LOT 13 BLK 1 IN ROBERTSON & YOU NGS THIRD ADD TO HOMEWOOD SUB OF PT LYING S OF HOMEWOOD & THORNTON RD &

Neighborhood

  • School District Name: Homewood-Flossmoor Community High School District 233
  • Census Tract: 828402

Geography

  • District: 37
  • Parcel: 29-32-310-087-0000
  • Block: 1
  • Lot: 13
  • Meridian: SEC 32 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.5581
  • Longitude: -87.6468

    Address

  • Full Address: 1221 Elder Rd
  • Address - House Number: 1221
  • Address - Street Name: Elder
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Homewood
  • Carrier Code: C015
  • 4-Digit Zip Code: 2421
  • Zip Code: 60430

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $997,397
  • Tax Rate Code Area: 37069

    Appraisal Valuation

  • Standard Deviation: 0.2505
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 290,751
  • High Value: 363,612
  • Low Value: 217,890

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $32,160
  • Market Improvement Value: $227,840

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $3,216
  • Assessed Improvements Value: $22,784

    Sales

  • Current Sale Contract Date: Aug 22, 2022
  • Current Sale Recording Date: Sep 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33240
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Homewood

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$172

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1573 ft²

Average Home Age

66.1 years

Currently For Sale

43 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 16963 Shea Avenue, Hazel Crest, IL, 60429

$2,830 /mo

  • 4 Beds
  • 1 Bath
  • 1,205 ft²
16963 Shea Avenue, Hazel Crest, IL, 60429 Listing by Jonathan Denny

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Susan Adduci, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11453389
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1221 Elder Road built and last sold?
The property at 1221 Elder Road was built in 1967 and last sold on Aug 22, 2022 for $260,000.
How much is this home worth?
The estimated value of the home located at 1221 Elder Road is $0.
What are some comparable homes to 1221 Elder Road?
There are currently no comparable homes to 1221 Elder Road.
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